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Section – 269TT : Mode of repayment of Special Bearer Bonds, 1991

Published by Law@HostBooks at March 7, 2018
Categories
  • CHAPTER XXB - Requirement as to mode of acceptance payment or repayment in certain cases to counteract evasion of tax
  • Income-tax Act 1961
Tags

269TT. Notwithstanding anything contained in any other law for the time being in force, the amount payable on redemption of Special Bearer Bonds, 1991, shall be paid only by an account payee cheque or account payee bank draft drawn in the name of the person to whom such payment is to be made.

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